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Major Bitcoin Cash Pools Force 12.5% Mining Tax on Community

Published 01/24/2020, 02:18 PM
Updated 01/24/2020, 04:02 PM
© Reuters.  Major Bitcoin Cash Pools Force 12.5% Mining Tax on Community

Leading Bitcoin Cash (BCH) personalities, including Bitmain CEO Jihan Wu and Bitcoin.com CEO Roger Ver, proposed on Jan. 22 an “infrastructure funding plan” that would see miners donate 12.5 percent of all block rewards to a Hong Kong entity. Many in the community turned harsh critics of the proposal.

The fund would be used to promote Bitcoin Cash development, which the miners argue is a “far better solution” than having independent “corporate donors,” such as the Blockstream company for Bitcoin (BTC).

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